The Thai baht and gold prices have strengthened to 3-month highs as US dollar sentiment weakens following the Treasury's debt buyback announcement, which failed to ease market concerns over US fiscal deficits. The baht touched 32.58 per dollar on Monday, and analysts expect further appreciation toward 32.30 if US policymakers intervene. This currency movement affects SMEs exposed to USD-denominated debt and exporters, though the impact depends on sustained dollar weakness.